CO129-207 - Acting Governor Marsh - 1883 [1-3] — Page 445

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K.

442

this brings the full extent to which the shares could be divided under Ordinance 1 of 1877. (See Daily Press of the morning); whilst the Farson Insurance Office Limited, when organised under the Limited Liability Ordinance at the beginning of the present year, made the paid-up amount of the shares $50 and the number 10,000. See Daily Press of Nov 29th and December 6th 1887. The Carter Company can also further reduce their shares to a paid-up amount of $12.50 only by availing themselves of the provisions of Ordinance 1 of 1877.

The Directors therefore beg that His Excellency the Administrator may be pleased to amend the present Ordinance 1 of 1887 by striking out from Section XX the words: "that the amount to which each share is reduced shall in no case be less than one-fourth part of the amount of the original share." They desire to point out that those words are not in the English Act; that they were introduced to satisfy the late Chief Justice and that their retention places Companies...

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K. 442 this brings the full extent to which the shares could be divided under Ordinance 1 of 1877. (See Daily Press of the morning); whilst the Farson Insurance Office Limited, when organised under the Limited Liability Ordinance at the beginning of the present year, made the paid-up amount of the shares $50 and the number 10,000. See Daily Press of Nov 29th and December 6th 1887. The Carter Company can also further reduce their shares to a paid-up amount of $12.50 only by availing themselves of the provisions of Ordinance 1 of 1877. The Directors therefore beg that His Excellency the Administrator may be pleased to amend the present Ordinance 1 of 1887 by striking out from Section XX the words: "that the amount to which each share is reduced shall in no case be less than one-fourth part of the amount of the original share." They desire to point out that those words are not in the English Act; that they were introduced to satisfy the late Chief Justice and that their retention places Companies...
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K. # 442 this bring the full setent to which the shares could fre • divided under ordinance 1 of 1877. (see Daily Press of the morning): whilst the farston Lusurance Office Limited when organzu under the Lunted Liability oraniance at the beginning of the present year, made the paid up. amount съ the shares $50 and the Uumber 10,000; bids. Daily Press of Vet 294 and December que 18817. The Carter Company can also further reduce their shares to a paid up amount 0% $ 12th only by availing of the provisious I provisions of ordinance 1 of 1877. The Directors therefore beg that His Excellency the Administrator may be pleased to amend the present ordinance I of 1897. by striking out from sections XX. the words. that the amount in which rack share is 29 reduced shall in no case be less "When one fourth part of the amount of the original share! They desire to point out that those words are not in the English Act; that they were uitroduced to satisfy the late thief Justice and that their retention places Companies
2026-05-23 02:30:43 · Baseline
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K.

#

442

this bring the full setent to which

the shares could fre

• divided under

ordinance 1 of 1877. (see Daily Press of the morning): whilst the farston Lusurance Office Limited when organzu under the Lunted Liability oraniance at the beginning of the present year, made the paid up.

amount

съ

the shares $50 and the

Uumber 10,000; bids. Daily Press of Vet 294 and December que 18817. The Carter

Company can also further reduce

their shares to

a

paid up amount

0% $ 12th only by availing of the

provisious

I

provisions of ordinance 1 of 1877.

The Directors therefore beg that His Excellency the Administrator may

be pleased to amend the present ordinance I of 1897. by striking out from sections XX. the words.

that the amount in which rack share

is 29 reduced shall in no case be less

"When one

fourth part of the amount

of the original share! They desire

to

point out that those words are not in the English Act; that they

were

uitroduced to satisfy the late thief

Justice and that their retention places

Companies

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